Cheap Apartments for Rent in Monona, WI from $771 (136 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monona.

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Pirate Island Apartments
$1,120 - $1,675

Total Monthly Price

Base Rent$1,120 - $1,675
Total Monthly Price$1,120 - $1,675
1 to 2 Bedroom Apartments Available Now

Pirate Island Apartments

706 Pirate Island RdMonona, WI 53716
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

Finding Your Place in Madison: Neighborhoods Close to the City’s Biggest Jobs

Finding the right Madison apartment near work is easy. Browse our guide to the best neighborhoods for professionals, from State-Langdon to Bay Creek.

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Yahara Terrace
$1,450 - $2,425

Total Monthly Price

Base Rent$1,450 - $2,425
Total Monthly Price$1,450 - $2,425
1 to 2 Bedroom Apartments Available Now

Yahara Terrace

320 W BroadwayMonona, WI 53716
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 5914 Anthony Plz
$1,665

Total Monthly Price

Base Rent$1,665
Total Monthly Price$1,665
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Cost Per Sq.Ft.

5914 Anthony Plz

MononaWI53716
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Mardelle Apartments
1 to 2 Bedroom Apartments

Mardelle Apartments

408-470 Femrite DrMonona, WI 53716
  • Utilities Included
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600 Femrite Dr
1 Bedroom Apartments

600 Femrite Dr

600 Femrite DrMonona, WI 53716
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Monona Lakeview
Studio to 2 Bedroom Apartments

Monona Lakeview

3819 Monona DrMonona, WI 53714
  • Utilities Included
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Besa Monona
Studio to 2 Bedroom Apartments

Besa Monona

6501 Bridge RdMonona, WI 53713
  • Utilities Included
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Lakeside
1 Bedroom Apartments

Lakeside

3909 Monona DrMonona, WI 53716
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612 Femrite Dr
1 to 2 Bedroom Apartments

612 Femrite Dr

612 Femrite DrMonona, WI 53716
  • Utilities Included
  • Smoke Free
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Carbon
$771 - $1,943

Total Monthly Price

Base Rent$771 - $1,943
Total Monthly Price$771 - $1,943
1 to 3 Bedroom Apartments Available Now

Carbon

2418 Winnebago StMadison, WI 53704
Pet Friendly
  • Verified
  • Utilities Included
  • Low Income
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2078 Atwood Ave
$899 - $950

Total Monthly Price

Base Rent$899 - $950
Total Monthly Price$899 - $950
Studio Apartment Available Now

2078 Atwood Ave

2078 Atwood AveMadison, WI 53704
Affordability

Madison's Best Affordable Neighborhoods

Learn about Madison and the best places to live with original content written by our Local Expert Mike Heuer

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property at 714 N Oak St
$950 - $1,100
1 Bedroom Rentals
Available Now
Affordability

714 N Oak St

MadisonWI53704

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Monona, WI Local Guide

Cheapest Available Monona Apartments for Rent

 

The cheapest available apartment rental in Monona, WI is a Studio unit found at Seven Oaks Apartments in the Bay Creek neighborhood priced from $905. Colonial Apartments in the Pflaum Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $990. Here is today’s list of the most affordable Monona apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seven Oaks ApartmentsEffStudio, 1BA$905
Colonial ApartmentsStudioStudio, 1BA$990
Madison Mayfair Apartments1 Bedroom1BR, 1BA$999
The Life at Madison Grove2 BED 1 BATH2BR, 1BA$1,000
Mcfarland Williamstown Bay (55+)1 BD1BR, 1BA$1,000
Pheasant RidgeA1W/D1BR, 1BA$1,000
Williamstown Bay EastWilliamstown Bay East - 1031BR, 1BA$1,055
Glendale GardensOne Bedroom1BR, 1BA$1,095

Best Value Apartments for Rent in Monona, WI

As of September 19, 2026 the best value apartment in the Monona area is the $1.41 price per square foot Tri-Level Model at Preston Place starting from $2,695. The second greatest value Monona apartment is the 3x2.5TH Model at Broadway Lofts and Townhomes in the Pflaum Road neighborhood starting at $1,577 with a $1.13 price per square foot. Here is today’s list of the best values for Monona apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Preston PlaceTri-Level4BR, 2.5BA$1.41
Broadway Lofts and Townhomes3x2.5TH3BR, 2.5BA$1.13
The RoyalE Floor Plan (80LMI Income Restricted)2BR, 2BA$1.35
Novation Senior2X22BR, 2BA$1.29
1251 Spaight St, Unit #21251 Spaight St1BR, 1BA$1.06
Stonewood Villagesv2brlow2BR, 1BA$1.38
5800 Bjelde Ln101BR, 1BA$1.22
The Life at Madison Grove2 BED 1 BATH2BR, 1BA$1.18
Pirate Island ApartmentsWaterside 1br1BR, 1BA$1.40
Glendale GardensOne Bedroom1BR, 1BA$1.37

Lakeshore to Lecture Hall: Finding Your Perfect Student Apartment in Madison, WI

Discover the best student housing neighborhoods for renting in Madison, Wisconsin! This guide covers apartments near the University of Wisconsin-Madison, Edgewood University, Herzing University, and Madison Area Technical College, detailing locations like Regent, Shorewood Hills, Dudgeon-Monroe, and more for your perfect college home.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Monona, WI

Ranked #9

Among cities in Wisconsin for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Monona, WI Rentals by Map

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See the most popular apartments and homes in Monona, WI

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Monona, WI Area Reviews

  • Parks
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Gwen • 4+ years in Monona

June 8, 2025

Monona is a safe & quiet community close to Madison. It's 8 minutes to the Dane County Courthouse. It's secluded from city life and sits next to 2 walking parks and Lake Monona. It's a wonderful place to live.

Frequently Asked Questions about Cheap Monona Apartments

What is the Cheapest Studio apartment in Monona?

Currently the most affordable Cheap Studio Apartment in Monona is at Seven Oaks Apartments listed at $905.

How much is rent for a Cheap One Bedroom Monona Apartment?

The lowest price for a Cheap One Bedroom Monona Apartment is $999 at Madison Mayfair Apartments.

What is the lowest price for a Cheap Two Bedroom Monona Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Monona is starting from $1,000 at The Life at Madison Grove.

What is the most affordable Monona Three Bedroom Apartment?

The best deal on a cheap Monona Three Bedroom Apartment rental is at Madison Mayfair Apartments and starts from $1,300.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Rent According to Income: A Look at Income-Restricted Rentals

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